The RNAG has two purposes:

Generate a street improvement plan that will accommodate increased

RNAG actually comprises two groups:

The Stakeholders Group made up mostly of developers and their

associates. RAs CEO represents Reston Association on this group. Five Restonians selected by Supervisor Hudgins comprise theCommunity Group portion of the RNAG. None of the Community Group members lives in the Reston stationareas. Robert Goudie, member of the Stakeholders Group and Executive Director of theRTCA lives in RTC West.

Reston 20/20 Committee

November 7, 2016

The tax proposal is called a Transportation Service District (TSD).

The TSD applies to all property owners in the Reston Metro station areas. This includes about 2,600 current homeowners. The value of owned homes in Restons urban area is ~$1.9 billion.

Reston 20/20 Committee

November 7, 2016

FCDOT puts the overall Private Share

Reston road funding gap at $350million over 40 years.The Private Share comprises both adeveloper Road Fund & the allproperty owner TSD tax.The TSD portion of the funding gapvaries depending on how much isfunded by the Road Fund.The TSD tax would go to fill an alleged$108MM-$175MM funding gapdepending on the option selected.RNAG is currently recommending threeoptions with TSD tax rates rangingfrom $.017-$.027/$100 valuationdepending on the option.

With 3%/year appreciation over the

four decade planning period, theTSD will add an average of $320$350 annually to homeowners taxbills if there are no rate increases.The Board of Supervisors canincrease the TSD tax rate anytime. A similar TSD tax in Tysons has seen ratesrise from $.04/$100 to $.05/$100 valuation. TSD tax rates in Tysons are expected torise to $.06/$100 or more as growthaccelerates. The Board could increase the Reston TSDrates to comparable levels.

The tax will continue indefinitely,

including after all the streets havebeen built or upgraded as planned.

Reston 20/20 Committee

With 3%/year appreciation, the Reston

TSD would generate $168MM$268MM over the 40-year plan period.

November 7, 2016

The grid of streets comprises $305MM

of the so-called $350MM funding gap.The grid of streets are privately-ownedstreets on developer property betweenRestons public roads, such as RTC.In essence, Reston station area residentspublic taxes will be transferred todevelopers to build private roads in theirfor-profit ventures.In Tysons, developers pay for thedevelopment of all its grid of streets.

The Planning Commission recommended this

approach and the Board approved it.

Tysons grid of streets is projected to cost $865MM

over 40 years in $2012, less than for Restons stationareas although Tysons covers a larger area2,100acres vs. Restons 1,700 acres.

Reston station area homeowners would pay some $80MM-$150MM for

these private roads depending on the funding option.Reston 20/20 Committee

November 7, 2016

The new Reston Master Plan calls for:

Population in the station areas to increase eight-fold to 88,000 residents.

Employment in the station areas to increase by half to 123,000 jobs.

Tysons transportation plan calls for spending $953MM on bus transit over 40 years.

Tysons currently has limited bus transit service.

NO Tysons TSD funds will be used to fund the transit.The bus service will serve about 200K employees and about 100K residents at buildout.

FCDOT claims that re-routing the current Reston bus service will be adequate to meet future needs.It will not be adequate.

*Estimated based on data from Boston Properties 2015 annual

In contrast, station area homeowners will likely pay out $168MM-$268MM in

The Board has chosen not to be flexible in either its allocation of

existing tax revenues or increasing county-wide tax rates to coverthe cost of Restons roads, much less expanding its bus system.Shifting 1-1.5% in annual County transportation funding budget, now at$300MM, would generate the $3-$4MM needed to fill the Reston roadfunding gap.Alternatively, very small increases in County tax rates would achievethe same goal. A change in the RE property tax rate would be less than a millionth of onepercent. A $.0002/$100 addition to the C&I $.0125/$100 tax would also fill thefunding gap. Other County tax rates, individually or combined, could also be increasedby very small amounts to help fund Restons road improvement needs.Reston 20/20 Committee

November 7, 2016

Both the County and developers will see huge financial gains from development andappreciation of property in Restons station areas.The County will collect an extra $4 BILLION in base property tax revenues over the next40 years because of new development in Restons station areas with no rate increase. The Reston road improvements would use less than 10% of this extra base property tax revenue. Expanding bus service would add hundreds of millions to County costs over severaldecadesand lead to substantial TSD rate increases that would continue indefinitely. Reston station area homeowners will see NO increase in their income as a result of thedevelopment, yet they are being asked to fund between 1/3 and of the TSD costand will likelyend up paying a much larger share.

Those who benefit financially from Restons urbanizing development--developers

& the County--should bear all the costs of developing its infrastructure, includingstreet improvements and additional bus service.The Reston TSD tax proposal is not about the small amount of funding needed toimprove public streets in the Reston station areas to serve future growth.

The reason for the proposed Reston TSD is that the Board wants to createa new tax revenue stream whose rates and uses it controls indefinitely.Reston 20/20 Committee